Is a Beat in the Cards for Assurant This Earnings Season?

Core Viewpoint - Assurant, Inc. (AIZ) is expected to report fourth-quarter 2024 earnings on February 11, with a history of earnings surprises averaging 20.32% over the last four quarters [1] Group 1: Performance Expectations - The Global Housing segment and growth in Global Lifestyle are anticipated to positively impact fourth-quarter performance [2] - Revenues are projected to reach $3.05 billion, reflecting a 1.7% increase from the same quarter last year [2] - Net earned premiums are expected to be $2.4 billion, with fees and other income estimated to rise by 2.7% to $446.2 million [3] Group 2: Investment Income and Segment Performance - Net investment income is forecasted at $142.8 million, benefiting from higher yields and asset balances [4] - The Global Housing segment's revenues are estimated at $607.8 million, indicating a 9.8% growth year-over-year [5] - Global Lifestyle revenues are expected to be $2.3 billion, driven by mobile growth and new trade-in programs [6] Group 3: Expense and Earnings Outlook - Total expenses are projected to be $2.6 billion, influenced by increased underwriting and administrative costs [7] - The consensus estimate for fourth-quarter earnings is $3.96 per share, representing a 13.5% decline from the previous year [7] Group 4: Earnings Prediction Model - The earnings prediction model indicates a likelihood of an earnings beat for Assurant, supported by a positive Earnings ESP of +9.37% and a Zacks Rank of 2 (Buy) [8][9]